Brokers placing more than 14 billion in premiums: APRA

The Australian Prudential Regulation Authority (APRA) released its Intermediated General Insurance Statistics

Written on 7 April, 2021
Tanaya Das

The Australian Prudential Regulation Authority (APRA) has released its Intermediated General Insurance Statistics publication for the six months to December 2020.

The Intermediated General Insurance Statistics publication provides an overview of intermediated general insurance placed with APRA-authorised general insurers, Lloyd’s underwriters and unauthorised foreign insurers (UFIs).

Business placed by intermediaries and authorised insurers Six months ended
Dec 2018 Jun 2019 Dec 2019 Jun 2020 Dec 2020
Intermediated general insurance business
Total premium invoiced in the period
of which:
11,685 11,644 13,670 12,371 14,850
Business placed with APRA-authorised general insurers ($m) 9,571 9,724 11,155 10,164 11,859
Business placed with Lloyd’s underwriters ($m) 1,370 1,293 1,660 1,386 1,934
Business placed with unauthorised foreign insurers ($m) 744 626 856 822 1,057
Total number of intermediaries
of which:
1,657 1,657 1,668 1,655 1,662
  Number that placed business with an underwritera
of whichb:
797 767 784 782 772
      Number that placed business with APRA-authorised
general insurers
746 728 742 747 738
      Number that placed business with Lloyd’s
underwriters
286 270 297 282 296
      Number that placed business with unauthorised foreign
insurers
84 81 82 86 95
    Number that placed business only through
other Australian intermediaries
30 24 25 25 33
    Number of intermediaries that placed
no business
830 866 859 848 857

The entire  December 2020 Intermediated General Insurance Statistics publication are can be accessed here.